Stock market today: Wall Street drifts to a mixed finish in a quiet day of trading

Wall Street experienced a mixed close with minimal changes in major indexes, reflecting a calm trading day. The S&P 500 slightly increased, while the Nasdaq composite dipped. Notable movements included Kenvue rising after surpassing earnings expectations and Disney falling despite strong results due to slightly missed revenue forecasts.

Investor reactions to earnings reports suggest concerns about overvalued stocks, as companies missing profit expectations faced significant stock price declines. Meanwhile, Federal Reserve Chair Jerome Powell indicated a potential for interest rate cuts, influencing market sentiment and Treasury yields. Stocks abroad saw gains across Europe and Asia.